Word: newsprint
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Dates: during 1950-1959
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When it started its highly touted trade offensive short months ago, Peking lured Western businessmen with offers of $7 violins. $23 sewing machines, $14 bicycles, promised to deliver nails, newsprint and electric motors at prices far below Japanese goods. But haste to gather foreign exchange to cover a huge trade deficit with Russia-and to do what it could to damage non-Communist competitors-led Red China to overstep itself. Its rickety economy suffered from primitive production methods, an overburdened transportation system, and an anarchic planning system that put untrained workers on industrial machines and knowledgeable technicians in mines...
...toils of one I form of oppression or another. Of course, in the Communist world, where press control is traditionally total, there is no perceptible struggle. But in freer countries there are subtler means of entrapment. There are the subsidized newspapers (and editors), the "guided" press, censorship, newsprint allocations, and more. All operate in the same direction-away from the people's right to know...
Barely Black. Newsprint, which can account for 50% of a paper's budget, has soared from $41 a ton in 1933 to $135. The Linotype machine that sold for $8,000 twenty years ago costs $20,000 today. Technological gains in efficiency are largely neutralized by the fact that powerful shop unions prevent management from cutting payrolls, even though only half as many men may actually be needed to tend the new equipment. Union "make-work" practices such as "bogus"-the needless resetting of ads originally received in mat or plate form-waste millions of dollars a year...
...leasing its truck fleet) to dieting (the Los Angeles Times has shrunk 5 in. in width, estimates that each ½-in. trim saves $500,000 a year in paper costs). Last year the Milwaukee Journal, minding its pennies, canceled its annual employees' picnic (savings: $12,000), rerouted its newsprint cars (savings: $1,500), and with other items amounting to as little as $250 a year managed to save an overall...
Outwardly, the loggers' strike is a jurisdictional struggle between the I.W.A. and the newly formed Newfoundland Brotherhood of Woodworkers; more profoundly, the island's economy is at issue. Two big newsprint producers, Anglo-Newfoundland Development Co. Ltd. and Bowater's Pulp & Paper Mills Ltd., are faced with the rising cost of cutting logs in Newfoundland's skimpy forests. Newfoundland Premier Joseph Roberts Smallwood, fearful that further cost increases might endanger the companies' operations, moved in to settle the dispute at Grand Falls. Liberal Smallwood, once a union organizer, rammed a bill through the provincial legislature...